ASUSTeK Computer Inc. (OTCMKTS:ASUUY – Get Free Report) shares fell 30.4% during trading on Tuesday . The stock traded as low as $78.50 and last traded at $80.00. 468 shares changed hands during trading, an increase of 152% from the average session volume of 186 shares. The stock had previously closed at $115.00.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group downgraded ASUSTeK Computer to a “neutral” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on ASUSTeK Computer
ASUSTeK Computer Stock Down 30.4%
ASUSTeK Computer Company Profile
ASUSTeK Computer Inc, commonly known as ASUS, is a Taiwanese multinational company specializing in the design and manufacture of computer hardware, electronics and related services. Founded in 1989 in Taipei by T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao, ASUS has grown into one of the world’s leading suppliers of motherboards, graphics cards, desktops and laptops. The company’s portfolio also extends to monitors, networking equipment, servers, workstations and accessories tailored for both consumer and enterprise markets.
ASUS is perhaps best known for its Republic of Gamers (ROG) brand, which offers high-performance products aimed at gamers and e-sports enthusiasts.
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